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CSPAN
Jan 2, 2013 6:00am EST
committee will pursue tax recovery of the tax reform in the next congress. -- will pursue tax reform in the next congress. i urge my colleagues to support this bill and get us one step closer to tax reform. i reserve my time. >> the gentleman's time is referred -- reserved. >> this is a bipartisan bill, and i will try to keep it within that spirit to the extent possible. as we are here today on january 1, hours away from people, americans returning to work, market reopening around the world, and all eyes focusing on whether this institution can govern. this legislation allows us to get done what we need to get done. this bill is vital for our nation's economic well-being. i want to emphasize for its standing as the world's most important economy. it is vital for 140 million middle class families whose tax cuts are made permanent. it is vital for 2 million unemployed american workers who need a continuation of insurance while they continue to look for work. it is vital for 30 million middle income americans who otherwise would have been hit by the alternative minimum tax. it is vital
MSNBC
Jan 2, 2013 7:00am PST
till the very end but congress did manage to approve legislation to avert this fiscal cliff, even though for most of the night it looked like it might not happen. >> the one thing that i think hopefully in the new year we'll focus on is seeing if we can put a package like this together with a little bit less drama, a little less brinksmanship, not scare the heck out of folks quite as much. >> that was the president late last night. then he got on oo plane, headed back to hawaii where his family is on vacation. threw see air force i. it touched down just moments ago. >> the ayes have it. >> it was after 11 p.m. when the house finally voted, putting an end to 24 hours of wrangling. republicans threatened to send it back with an amendment, including spend being cuts. but in the end the politics of that didn't make sense. so the bill passed, 257 for, 85 republicans, 172 democrats. speaker john boehner was one of those yes votes and he released this statement: now the focus turns to spending. the american people reelected a republican majority in the house and we will use it in 2013 t
CSPAN
Jan 2, 2013 1:00am EST
. if we're going to accomplish this, we must work together. republicans and democrats, congress and the white house. the federal government and the states. the public sector and the private sector. mr. speaker, some might say that saying those things is a cliche. but as we all know, members are going to have to engage with and rigorous debate, and there it is going to be the clash of ideas, a rigorous debate, but it needs to be done with good faith and the spirit of compromise. i realize and some argue that compromise is a sign of weakness. in fact, one of the great strengths, mr. speaker, of our nation's founders, was their ability to compromise. the very structure of this institution, the united states congress, the very structure of our institution, which joined the people's house, where we are all privileged to serve, with the united states senate, was known as what? the connecticut compromise, or the great compromise. that is the very basis of our founders. too often we forget that while we should never, we should never compromise our principles, we must always, mr. speaker
CNN
Jan 2, 2013 8:00am PST
. >> i will not have another debate with this congress over whether or not they should pay the bills that they have already racked up through the laws they passed. we can't not pay bills we have already incurred. if congress refuses to give the united states government the ability to pay these bills on time, the consequences for the entire global economy would be cat stenographic, far worse than the impact of a fiscal cliff. >>> let's bring in brianna keilar. a lot of people are talking about winners and losers, but c'mon, i feel like we're all losers in this, considering we didn't get a deal, we just got a patch. >> reporter: that is true. i don't think it's ever really healthy for americans when you're kind of going through this process every year, whether it's the a.m.t. fix or tax cuts, so i think the fact that those tax cuts were permanently extended actually is a good thing, because it is difficult when they aren't, but yeah, i think that you look at especially now the environment of things as this is a congress that the president wants to undertake other issues like immigratio
CSPAN
Jan 1, 2013 8:00pm EST
, we cannot take a vacation. i would like to know why congress cannot do that? . >> that is one of those big, recurring institutional questions. this deal really does not address the spending side. that is largely what caused the problem with republicans when they learned of the details of the measure. many did not learn about it until this morning exactly how it would be pieced together. that is the next debate. what democrats are saying as well as republicans who are on board with the plan, is that there is another debate to be had another day on long-term spending priority and that might be the date that happens. when you make a budget, there is a revenue side, inflows and outflows. they are dealing with a piece of it now and claiming they will deal with the rest of it another day. it is fair to say the track record is not too great. i wrote a story in september for roll call basically predicting this kicking the can around maneuver. >> are those the house bells going off that we heard? >> you are hearing the house bell's in the background. that probably means something is ab
MSNBC
Jan 2, 2013 8:00am PST
senate and there are a dysfunctional congress and no wonder our back is up against the wall at midnight and we get some kind of -- this terrible deal that's thrown in our laps. >> so what was it like to be in the room when republicans voted on that deal? joining me now from capitol hill is republican congressman tom cole of oklahoma, who broke with his party in late november by suggesting the gop should consider a deal with a tax hike. thanks so much for being on the show. >> thank you, luke. >> i got to hand it to you, congressman cole, a big head line in the "washington post" today, "why tom cole is right," cole and mcconnell seem to have grasped that the long-range strategy dictated a deal be done on the fiscal cliff with as little public airing of grievances as possible. do you think that for future fights your colleagues will follow your advice and how much damage has this done to the house gop brand? >> i don't think it's done a lot of damage. sometimes in politics like in war you find a holding action so the army can escape. i think that's what you saw. the army is off the beache
MSNBC
Jan 2, 2013 11:00am PST
? >> in talking to aides, they say they want to reassure members it will be his first priority in the new congress that begins tomorrow at noon. part of what has made this so painful and erupted with such surprise is that members of the house thought they would be voting on it before this congress ended and in part because you have seen how it can be difficult to get things done. after the senate worked to make it happen and part of the reaction you are seeing is what some call betrayal. a strong and personal word and that's what they are saying. feeling misled and they thaud they would be able to get this aid to the northeast, but so far it's not going to happen. part of this political distance takes place. $60.4 billion and new spending at a time when the big argument that is happening is about trying to reduce spending and the deficit. it's sort of looking at a ledger versus looking at the real world consequences that are happening in people's lives in the northeast. some officials point out that fema is currently funded. has money to disburse, but this package goes beyond fema and there hurt f
NBC
Jan 2, 2013 6:30pm EST
quote in tonight for brian. after weeks of negotiations and last-minute hold-ups over the fiscal cliff, congress late last night finally passed an agreement on taxes and spending. in a moment, we'll tell you what that legislation means for every american. but it's what the house did not do last night that caused an uproar today. lawmakers left before considering a bill to help victims of superstorm sandy, and that had republicans from hard-hit states taking aim at leaders of their own party. nbc's kelly o'donnell is at her post on capitol hill once again tonight. kelly, good evening. >> reporter: good evening, kate. so the house had not taken any kind of vote on a new year's day in nearly 60 years. and when they did so, they got that tax deal done, but only minutes later, a new controversy popped up, over government spending. and it spread through here furiously, and with real impact. new york and new jersey got angry and got action over emergency funding that was being delayed.
ABC
Jan 2, 2013 4:30am EST
thanked congress and asked that future negotiations not involve much trauma. --drama. >> they finally got it done. congress and the along from all over the fiscal cliff, with house republicans reluctantly passing the senate bill. >> i will sign a law that raises taxes on the wealthiest 2% of americans while preventing a middle-class tax hike that could have sent the economy back into recession. >> it appears the bill was headed for defeat. house republicans did not want to raise taxes without significant cuts in government spending. >> there are no spending cuts. we are adding $4 billion a day to the debt and we fell ilk -- feel like the senate bill failed miserably. >> they decided not to drag out the fight in the longer and risks taking the blame for massive tax hikes for nearly a met -- for nearly every american worker. >> what is the alternative? >> the bill shields those earning less than $400,000 a year from tax increases and extend unemployment benefits. it does not raise the so-called app ceiling. in two months, government will reach its limit on borrowing unless congress acts. i
MSNBC
Jan 2, 2013 9:00am PST
. >>> with 58 minutes to spare, congress averted the fiscal cliff, but is this just an intermission with the big brawl still to come? it's wednesday, january 2nd, and this is "now." >>> i'm joy reid filling in for alex wagner. joining me today, michael steele. kurt anderson. ron, assistant managing editor of "time" magazine, and mr. sunday morning himself, editor of "the new york times magazine," hugo lindgren. >>> president obama is back in hawaii today after making permanent the bush tax cuts for 98% of americans. no word if the president will be signing it today with a pen in one hand and muay thai in the other. included in the bill. extension of unemployment benefits for a year and a two-month delay of the automatic spending cuts better known as the sequester. on deficit and debt, the deal is more of a punt, but just averting the cliff has sent the markets soaring with the dow already up over 200 points. while it's no grand bargain, the bill does not tackle spending, by the way, don't miss the significance of this vote. republicans by an overwhelming majority in the senate and minority in th
MSNBC
Jan 2, 2013 10:00am PST
in congress. i will sign a law that raises taxes on the wealthiest 2% of americans. >>> on wall street, stocks surge in reaction to the short-term deal, but house republicans have only just begun to fight. >> we also need to address the fundamental causes of our debts and deficits, and that's out of control spending. >> i think it's a little unreasonable for senator reid to say that something that they produced on new year's eve, produced by a bunch of sleep-deprived dock gentlem ed e should adopt within 24 hours. >>> the president tries to draw a line in the sign on the debt battles still to come. >> while i will negotiate over many things, i will not have another debate with this congress over whether or not they should pay the bills that they have already racked up. >>> plus, hillary watch, just a short time ago, an suv carrying former president bill clinton left from an underground garage at a new york hospital where his wife, hillary, is still being treated for that blood clot in her head. good day, happy new year, i'm andrea mitchell live in washington. president obama arrived in washing
MSNBC
Jan 2, 2013 1:00pm PST
was abruptly pulled back by speaker boehner last night delaying the bill until the 113th congress which convenes tomorrow. gop leadership apparently determined the house shouldn't even try for $60.4 billion in new spending on a night it added $4 trillion to the deficit. and congressman king is not the only one outraged that politics took precedence over people. >> republicans in congress brought this house to a new low last night. >> we're all hit hard enough with the recession. on top of that now we have to deal with the anxiety and the failure of congress to act. >> talk to the people. look into their eyes. understand their needs. come walk with me, mr. speaker. >> this is time to stop debating and take the gloves off. jersey style. >> and speaking of jersey style, governor chris christie came out swinging this afternoon. >> shame on you. shame on congress. on a political chess board of internal palace intrigue politics, our people were played last night as a pawn. and that's why people hate washington, d.c. that's why they hate this politics. last night it was my party responsible. >
MSNBC
Jan 2, 2013 3:00pm PST
, republicans in congress said they'd never agree to raise tax rates on the wealthiest americans. we've now raised those rates permanently. making our tax code more progressive than it's been in decades. >> there are more fights ahead. there is a lot of work to do. a lot of fights still to have. but 2013 is off to a positive start. joining me now, congressman e manual cleaver democrat from missouri and chairman of the congressional black caucus who voted for the deal last night and former pennsylvania governor ed rendell, now an nbc news analyst. let me thank both of you for joining me tonight. >> thank you for having us here. >> mr. chairman, let me start with you. why was this bill the right deal for america at this time? >> there were a lot of good things in this deal. there was a lot of sweeteners for the american public. we were able to overt a large tax increase for a large percent of the american population. 2 million people will be able to get unemployment insurance. for those people who hate government, we were able to slice off a $900 a year increase in salaries for members of con
NBC
Jan 1, 2013 11:00pm EST
of democrats and republicans and the congress, i will sign a law that raises taxes on the wealthiest 2% of americans of preventing a middle-class tax hike that could send the economy back into recession as we had a severe impact -- and that would of had a severe impact on families across america. i want to thank all litters of the house and senate. in particular, the work done by by extraordinary vice-president, joe biden, as well as leader harry reid, speaker boehner, nancy pelosi, and mitch mcconnell. everybody worked very hard on this. i appreciated. -- appreicate it. under this law, more than 98% of americans and 97% of small businesses will not to their income taxes go up. millions of families will continue to receive tax breaks to help raise their kids and send them to college. companies will continue to receive tax credits with the research they do, the investments they make, and the clean energy jobs they create. to million americans are out -- who are out of work but are out there looking pounding the pavement every day, will continue to receive unemployment benefits, as long
CBS
Jan 2, 2013 6:30pm EST
>> mason: tonight, superstorm christie. >> shame on you. shame on congress. >> mason: northeast republicans blast their own party from speaker boehner on down for failing to pass a sandy relief package. elaine quijano is covering. over the cliff and back. nancy cordes and wyatt andrews on the new year's night budget deal and how a tax break for racetracks got in it. obesity is a health risk. but researchers now say being a little overweight could reduce your risk of dying. dr. jon lapook with a surprising new report. and she was one of the most popular sickers ever. remembering patti page. ♪ i was dancing with my darling to the tennessee waltz ♪ captioning sponsored by cbs this is the "cbs evening news" with scott pelley. >> pelley>> mason: good evening, scott's off tonight. the sigh of relief that came when the house passed the fiscal cliff deal was soon drowned out by a roar of anger. governors chris christie of new jersey and andrew cuomo of new york along with senators and house members from those states blasted house speaker john boehner today for putting off a vote on
FOX News
Jan 2, 2013 1:00pm PST
heard today going into the first trading day of the year, congress has the deal done, whether it is the right deal or not it doesn't matter. it was closed and locked up and now we still have a number of head wins do deal with, clearly anemic growth and the debt cut and debt spending cut issue and debt ceiling issue and a number of things that will drive this market lower but the immediate need right now is to go long only because the deal is wrapped up. >>neil: we know from history that in 2008 with the first failed situation with the market falling quickly and they got back to vote on tarp two in washington and that is passed and a few months later we are down a few thousand more points for the dow and i guess what i am saying, the response can backfire playing with the markets. >>guest: the bad news is there. this is forthcoming next few weeks. think of the holiday retail sales. we heard a lot about shoppers, american shoppers who are not spending like they normally do because of the feeling they were not confident or sure about the fiscal cliff and what would happen with th
CNN
Jan 2, 2013 6:00am PST
, congress swerves away from the dreaded fiscal cliff, but on this morning after the enthusiasm is tepid at best and the anger is simmering. first your bottom line. no tax rate increase for more than 98% of americans, that is couples earning less than $450,000 a year. the middle class also gets relief from the alternative minimum tax. it will now be adjusted for inflation. and remember those massive spending cuts that could have plunged the country back into recession? yeah, well they're merely on hold for a couple of months. so lawmakers face even tougher decisions and dwindling patience from the public, and that includes some powerful voices in washington. check out this tweet from a leader of the tea party express, amy kremer says "i'm extremely disgusted with what happened in the house tonight. there will be consequences." we're covering all the angles and alison kosik shows us how investors are reacting to the crisis that has been avoided at least for now and christine romans gets out the magnifying glass and exposes some of the pet projects that are getting huge amounts of your tax
ABC
Jan 2, 2013 5:00pm EST
disgraceful. >> others are angry about what congress did do. critics on both sides blasted the watered down deal to avert the fiscal cliff. what is in and what is out? after promising to protect it both the white house and congress decided to end the payroll tax holiday, meaning your taxes go up 2%. an extra $1,000 for every $50,000 you earn. individuals making more than $400,000 a year will see their taxes go up. also not getting done, spending cuts. one analyst said today congress kicked the drone down the road, postponing cuts for another month. republicans say they will fight raising the debt ceiling without significant spending cuts. >> the president has maxed out his credit card and he's not going to get an unlimited credit card. >> he is back in hawaii today but president obama feels congress spent the money and will have to raise taxes further. >> i will not have another debate with congress over whether or not they should pay the bills they have already racked up. >> of late this afternoon, house republican leaders backed down over their decision to postp
ABC
Jan 2, 2013 6:30pm EST
deal becomes real. and a tough guy sounds off for everyone sick of gid logrid loc in congress. >> 66 days and counting. shame of you. shame on congress. >>>hillary's lement. we see her there walking, riding in a car. what this says about the blood clot near her brain. >>> flareup. espn's hannah storm burned been an exploding outdoor grill. see the danger to you, of cooler weather and a propane fire ball. >>> and more exercise in 2013? see what a 101-year-old woman can do at the gym, and learn the secret of sticking to your resolution. >>> good evening and a happy new year to you, as we begin with the giant new year's surge in the stock market today. it was a kind of celebration, after congress finally took action to pass a deal on taxes, averting the fiscal cliff. the dow jumped 232 points at the opening bell and then kept soaring, gaining more than 308 points by closing time. and abc's bianna golodryga is here to tell us about american retirement accounts and if this bounce is expected to last. >> reporter: good evening, diane. as one trader just told me moments ago, there was a hug
Current
Jan 2, 2013 3:00am PST
in 2012? well, we not only have a new year, we have a new congress starting tomorrow, and of course again the new congress has got to be better than the old congress. what a colossal embarrassment. they new over a year and a half ago they had to do something to avoid america going over the fiscal cliff. they knew they had to do something in an balanced way that would include spending cuts and new revenue, and they took to the last minute to do it and we still ended up with a lousy deal that increases the payroll tax for every american and defines middle class americans as anybody making under $400,000 a year. hillary clinton still in the hospital this morning with a blood clot on her brain. so much for those idiotic republicans who accused her of faking her illness. now what i want to know is will allen west and john boldton and other republicans who criticized her get out there and apologize. don't hold your breath. i want to have that conversation. let's talk about it. really? you're going to lay people off because now the government is going to help you fund
CBS
Jan 2, 2013 12:00pm PST
, and congress will soon be at it again. president obama landed in hawaii this morning to resume his vacation. he left washington last night after lawmakers approved a bill that prevents a middle class tax hike and delays automatic spending cuts. congress and the white house struggled to get the deal done and neither republicans nor democrats seem pleased with the outcome. >> someone stop hitting you in the head with a hammer and you're supposed to say thank you so much for the relief. >> reporter: many voters are upset it took lawmakers so long to reach a compromise. >> i think we needed a deal. i'm not necessarily altogether happy. >> reporter: the measure raises taxes on families making more than $450,000 a year and extends long-term jobless benefits for a year. but the package does not include spending cuts and many republicans voted against it. >> i'd like to be speaking for this bill, but i can't. >> reporter: congress steered away from the "fiscal cliff" at the last minute but another showdown is just around the corner. in two months, the treasury will need to increase how much the country
CNN
Jan 1, 2013 10:00pm PST
-inflicted wound to the american economy. i suppose congress can give themselves a mild pat on the back for that. our strategics competitors around the world like china must have been watching around the world and laughing. this is not how -- we had 518 days to anticipate the sequester cuts. at the end of the day this is a compromise on a tax portion. we're going to be all here again dealing with the issues of deficit and debt with that debt ceiling. this is kicking the can. it's a patch that should leave most folks on the center right. the fact the republicans have voted 2-1 against them speaks to the challenges to governing in the house. >> what's the explanation for that? this has now cost american real money. if republicans wanted to deal with this properly, why didn't we do it in the first 3517 days? >> i think there was a lot of resistance from both side. you had nancy pelosi and chuck schumer calling for a million dollars threshold in 2011 because both party have a lot of fizziers in terms of affluent voters versus less affluent voters. the republicans are ideologically committed to entit
CNN
Jan 2, 2013 12:00am PST
a huge self-inflicted wound to the american economy. i suppose congress can give themselves a mild pat on the back for that. our strategics competitors around the world like china must have been watching around the world and laughing. this is not how -- we had 518 days to anticipate the sequester cuts. at the end of the day this is a compromise on a tax portion. we're going to be all here again dealing with the issues of deficit and debt with that debt ceiling. this is kicking the can. it's a patch that should leave most folks on the center right. the fact the republicans have voted 2-1 against them speaks to the challenges to governing in the house. >> what's the explanation for that? this has now cost american real money. if republicans wanted to deal with this properly, why didn't we do it in the first 517 days? >> i think there was a lot of resistance from both side. you had nancy pelosi and chuck schumer calling for a million dollars threshold in 2011 because both party have a lot of fizziers in terms of affluent voters versus less affluent voters. the republicans are ideologicall
FOX Business
Jan 1, 2013 10:00pm EST
with as well. lots of spending issues appeared. congress really at the end of this week if this goes through. diane: we are watching nancy pelosi speaking their excess your right. we are also -- one of the things we heard from the gop a year earlier, i said to your right. i should say to allow for people watching, but we heard from a gop aide the republicans at this point and the deal is not perfect. making the minutes and trying to avoid being blamed for going over the fiscal cliff. we've heard this route, the american public largely would hold republicans responsible if we do go over the fiscal cliff or if a deal is reached by that time markets opened here. why that blamed? a question of who had a better pr team working on this? the president verses the speaker is there more to that? >> in this particular case it would be because you had senate democrats and republicans overwhelmingly vote for this last evening. eighty-nine votes in the u.s. senate to get this through. it's remarkable, especially for this congress, for this type of legislation. you have house democratic leaders signing off
CSPAN
Jan 2, 2013 10:00am EST
adjourn the 112th congress without providing assistance to the victims of superstorm sandy. i am joined today, mr. speaker, by many of my colleagues from the jurisdictions that -- whose people received the most damaging blow. though my district did not sustain the extreme damage that those in new york, new jersey, and connecticut did, the president declared several maryland counties eligible for federal assistance from this storm. but it was minor, and my citizens are not in dire circumstances. but the citizens of some who we'll hear from today are in that condition. those counties joined hundreds in the 1,000-mile diameter of this storm, the largest geographicically in the history --geographically in the history of the atlantic hurricanes. now at best the speaker said that sandy's victims will need to wait until the next congress to receive assistance. wait. they say to millions who are in pain and in distress. we should not be waiting, mr. speaker. we should be voting this very morning, which i tell you, mr. speaker, i expected to happen from my discussions with the majority leader. a
ABC
Jan 2, 2013 6:00am EST
side. >> the drama is over -- congress has finally passed a fiscal deal. it was a long night for both sides but the house republicans decided to vote on that senate bill. the president signed off on a and said it will pass into law but many say this is not the end of the fiscal issues in 2013. >> parents at one montgomery county elementary school are asking for more security at the school. that story and more coming up this our. >> it is four days until the big game and excitement is growing each day and so are the ticket prices. redskins fans say they are willing to pay. it has been 13 years since a playoff game was played at fedex field. >> good morning to you washington. >> let's get a quick check on the forecast. >> it is a pretty decent day overall. we are very cloudy this morning but that is keeping the temperatures up. there is a wintry mix into southern maryland but that will push out shortly and the skies will clear out throughout the day. 36 degrees in washington and 34 at dulles and 30 in frederick. the temperatures are not moving a whole lot. highs will be in the upper 30'
FOX Business
Jan 1, 2013 11:00pm EST
to overhaul the entire code for individuals and corporations. when you look at what congress is working on now there are different committees. the ways & means committee controlled by the republicans in the house who are regretting a tax code or have been writing a bill that rewrites the tax code. in the senate there are senators like rob portman, max baucus, they have different proposals and ideas on what to do with corporate taxes. on spending reform, to little different. >> and motion to reconsider is laid on the table. >> this thing passes, diane. diane: it's official, the house has passed a deal to avert the fiscal cliff pass by the senate earlier this morning. that deal, rich do you want to go through this for us? 400,000 for individuals, $450,000 for couples. just run through everything included in this. rich: what has does is deal with taxes. preserves the bush era raids for families earning less than four and a thousand dollars a year and individuals born to thousand dollars here but if you earn $10 million a year the rates stay the same for your first 400,000 or 480,000. on investmen
Current
Jan 2, 2013 3:00pm PST
the last time i saw john boehner even crack a grin. [♪ theme music ♪] >> jennifer: 24 hours after congress finally did something, the right-wing is up in arms! the reports headline was republican horror new year. scary stuff. and it only got spookier from there as republicans turned on their own. >> republicans caved last night. >> they waited 20 years before giving themselves away. >> i would be. >> seriously, could the republican party have mismanaged this any worse. >> i think the president did a great job of getting the speaker to undo everything that he promised he would do. >> after midnight and all of that partying and rivalry that goes on at new year's eve, what i can tell you is they did half a bill. >> jennifer: not just the folks on the right who are whining and complaining, there are some on the left who are almost giving the tea party for dogmattic money. paul krugman wrote . . . >> jennifer: okay. i love paul krugman but on this one i have to strongly disagree. let's take a look at what progressives actually got. first democrats got tax increases for the we
ABC
Jan 2, 2013 11:00am PST
. >>> the financial mood of the country takes a dramatic turn this morning after the president and congress reached a last minute deal to avoid the fiscal cliff. stocks are sharply up on this day of trading. the dow is up over 217 points. analysts warn the feeling could change quickly because the budget deal leaves many questions unresolved. >> reporter: neither party was really happy with the deal. many lawmakers are saying it was just a first step and it means in the next couple of steps they will be that much more difficult. >> the stock market surged as wall street reacted. late last night congress finally sent president obama legislation. >> this law is just one step in the broader effort to strengthen our economy and broaden opportunity for everybody. >> but at one point it looked like the deal could fall apart. >> there is some on spending cuts and we are adding to the debt. >> what we are doing is raising taxes to give the president more money to spend. >> some republicans were pushing to john boehner to add spending cuts but there weren't enough votes to get it passed. so they extended tax
ABC
Jan 2, 2013 6:00pm EST
>> investors on wall street were happy. they rewarded congress for getting a last-minute deal to avoid the fiscal cliff by closing up 308 points, the biggest rally we have seen in months. but there are plenty of critics who say congress failed in efforts to reach a deal that was a threat -- threat to deficit spending. >> critics complained the last- minute deal could be summed up like this -- raised payroll taxes for everyone, or let's just wait for everything else. >> this is a new day and not a bright day. it was very much a small ball. was kicking the can down the road. the problem is each time you kick the can, it gets heavier. >> when virginia democrat voted against the deal, saying it did not do enough to help the middle class. last night, president obama conceded he was supporting deal only after failing to get a bigger and better agreement. >> the fact is, the deficit is still too high and we're still investing too little in the things we eat. >> as congress prepares for another showdown over the debt ceiling, conservatives are criticizing the deal. a coalit
ABC
Jan 2, 2013 5:30pm EST
practice will go in effect on goon ri 28th. >> they avoided the cliff but congress left people in new york and new jersey hanging. how long homeowners will have to wait to recover from superstorm sandy. >>> stars have always said they feel like their lives are in danger because of the paparazzi. >>> a chilly night out there, a little bit of a cold northwesterly wind come in dropping that wind chill factor down into the 20s. it is a cold, cold night. at least we had sornings high thin cloud cover today but not enough to stop some pretty bright conditions, very bright conditions out in the carroll county way. snow at summit ridge and ellicott city, crisp, cold, sunny, january day, second day of the year with a beautiful finish. how's that. gorgeous shot. current winds northwesterly 5 to 10. a few gusts 10 to 15. it is a cold wind funneling into the state. the air mass originating way up in canada. conditions struggling to get into the mid to upper 30s. curtis bay up through canton and mt. vernon. on the whole, it's going to be cold. how about a little further north and west, a very cold day
MSNBC
Jan 2, 2013 2:30am PST
a controversial decision by house leaders to not take a vote on hurricane sandy relief. some members of congress on both sides of the aisle are speaking out. first the big story on capitol hill and for the country this morning, a bill to avert the fiscal cliff awaits president obama's john hancock. around 11:00 p.m. eastern last night, the republican-led house gave final approval to a deal that will raise taxes on the wealthiest americans, and postponing the automatic spending cuts for two months. the package, which would be signed by the president as early as today preserves the bush era tax cuts for individuals who earn less than $400,000 a year and households earning less than $450,000. it extends unemployment benefits for a year and does not do a bunch of other stuff. it passed by a comfortable margin but only because a majority of yes votes came from democrats. 172 democrats voted in favor. 16 opposed. 151 republicans voted against the bill. only 85 voted in favor. in recent years, republican speakers of the house refused to bring bills to the floor unless they got a majority support from r
PBS
Jan 2, 2013 2:30pm PST
night, the first and new year's day vote in congress since the korean war 60 years ago. a vote on a compromise agreement that neither party loves. >> virtually no 1 believes that what we have before us tonight is a long-term solution. >> it reminds me of the jokes were used to have, where someone stops hitting you in the head with a hammer and you're supposed to say thank you so much for the relief. >> in the end, house democrats were joined by enough republicans for the agreement to become law. as for the president to deliver on a campaign pledge, that the rich would pay more to help reduce the deficit. >> i will sign a law that raises taxes on the wealthiest 2% of americans wall preventing a middle-class tax hike for -- while preventing a middle-class tax hike. >> they have agreed that the wealthiest americans will pay more income tax. individuals earning more than $400,000 a year deep spending cuts of more than $100 billion have been delayed for two months which means there will be another round of haggling at the beginning of march. the u.s. government will hit what is know
SFGTV2
Jan 2, 2013 2:00pm PST
of california in the u.s. house of representatives. in congress, he is a member of the powerful house appropriations and budget committee. share of the democratic caucuses, new media working group, house democratic senior went, and the original author of the equity and excellence commission now housed in the u.s. department of education. his district includes silicon valley, the birthplace of technology. mike has dedicated his life to public service and is lauded for his work on education, civil- rights national service, immigration, transportation, the environment, and high-tech issues. >> he is also the greatest karaoke sing their -- singer and all of congress. -- in all of congress. [applause] >> he just told me i had five minutes. what do you think of this program? [applause] it is about time. i want to thank francis and fong. i think this is the very first statewide heritage month held with the mayor of san francisco. let me say something about heritage month in san francisco and your mayor. in the old days, you remember san francisco was known for passing all of these anti- chin
MSNBC
Jan 2, 2013 12:00pm PST
is about to tell me what's wrong with congress. >> chris christie blasting on the sandy relief bill. i will tell you how that could happen. >>>. >> from the cliff to the debt ceiling. at least we have o will have stuff to get us through months ahead. a few house keeping notes to start with. the fiscal whatever you want to call it is done, we can retire the wheel of misfortune for good and keep this. >> stop the insanity! >> we didn't use that enough last year, but we will in 13. here's where we stand. the house approved the plan to get us through this month, but it is something we will remember maybe forever. the mismoves and the finger-pointing are everywhere and we begin with luke russert who was there for it all. i feel like i have been watching the same thing happen for two years since john boehner became the speaker. one deadline after another and has very little wiggle room. it makes his own members so unhappy. the vote for speaker for the next two years is tomorrow. does he even want this job anymore? >> it's a fair question after the hammering he has taken from folks in his own
FOX News
Jan 2, 2013 12:00pm PST
in disbelief and ashamed. >> republicans in congress brought the house to a new low last night. >>gregg: it is really bad. new york republican congressman peter king, whom you just heard, says house of representatives speaker boehner and house majority leader are not on speaking terms but both aides down play the divide. the two are scheduled to meet with members of the new york and new jersey delegation on sandy aid. congressman cantor says he will be there. moments ago, shannon, new jersey republican governor christie talked about it. he is not happy, either. >>reporter: he tried to call the speaker four times and boehner would not take the call as it was apparent the bill would not get to the floor for a vote. he says the two talks today but they still do not have a "credible explanation" for what happened. here is what the governor had to say. >> this atmosphere now, everything is a possibility, potential piece of bait for the political gain. it is why the american people hate congress. >>reporter: ouch. lawmaker whose objected to the quick vote say the senate measure was full of po
FOX
Jan 2, 2013 5:00am PST
the congress and white house hammered out a deal. the house of representatives passed a senate bill that protects 99% of americans from an income tax hike. >> a central premise of my campaign was to change the tax code. that was too skewed toward the wealthy at the expense of working middle class americans. tonight we done have that >> president obama is right now as we speaking flying back to hawaii. he's resuming the family vacation he cut short in order to deal with that fiscal cliff. here are some of the details of the fiscal cliff deal that was passed last night. a perm extension of previous tax cut for all taxpayers expect for individuals that make $400,000 a year or couples that make more than $450,000. the bill continues unemployment benefits for long-term jobless. and postpones a decision on controversial spending cuts for two months. even though congress acted to avert income tax hikes on most americans, your paycheck will still shrink in 2013. ktvu janine de la vega is in san jose right now to explain about the end of the payroll tax holiday. what does that mean? >> repor
ABC
Jan 2, 2013 5:00am EST
>> motion is adopted. >> after a give-and-take congress finally reaches a deal to avoid a series of attacks with budget cuts. hear what president obama says before he leaves the white house to resume his vacation in hawaii. >> how i photographer was hit in killed by a vehicle after taking pictures of justin bieber's car. >> what local counties doing to fight the junk mail problem. >> live and in hd, this is "good morning washington." on your side. >> good morning, washington. it is wednesday, january 2. i'm scott thuman. >> i'm cynne simpson. let's go to our meteorologist to find how to dress for the weather today. a cold one. temperatures will be on the chilly side again for today. we are starting out pretty good. it dates for the early start of january. live super doppler picking up a little bit of a light wintry mix over the southern delmarva peninsula. much of which you see there is evaporating before it ever reaches the ground. this will be short lived and moving out by late morning. the rest of us dealing with cloudy skies. 37 in washington. 34 at dulles. only warming up in
KCSMMHZ
Jan 2, 2013 2:30pm PST
of democrats and republicans in congress, i will sign a law that raises taxes on the wealthiest 2% of americans while preventing a middle-class tax hike that could have sent the economy back into recession and obviously could have had a severe impact on families all across america. >> the deadline that congress imposed on itself had already passed, but it did not cause any real harm because important ro financial markets remained closed on new year's day. automatic tax increases could have pushed u.s. back into economic recession -- pushed the u.s. back into economic recession. tax rates will go up for only those earning over $400,000. in herington is -- inheritances over $5 million will also be heavily taxed. president obama immediately left washington to rejoin his family in hawaii, but the next battle is already in view. in the next two months, congress will need to raise the debt limit to allow treasury to borrow more money and it must agree on spending cuts to reduce the deficit. >> for more analysis, we are joined by our washington correspondent. lawmakers have voted what many -- have ave
LINKTV
Jan 2, 2013 5:30am PST
>> i will not have another debate with this congress over whether or not they should pay the bills they have already racked up. >> the u.s. agrees to a budget deal but more tough bargaining plays ahead. -- lays ahead. >> this is "al jazeera." frustration mounts and the african republic. police throw teargas at the capitol. and ivory coast investigation. a deadly stampede. plus -- >> what is the game that has 70 palestinians confused? -- so many palestinians confused? after months of negotiations, u.s. politicians have finally made a deal to avert the so- called fiscal cliff. the agreement passed the house of representatives. here are some of the main points of the deal -- taxing will not be increased for those earning less than $400,000. benefits for unemployed will be extended for another year. the plan to cut 900 billion has been delayed at least until march. >> the moment the house voted in favor of the bill to keep the u.s. from going over the fiscal cliff permanently. >> the motion is adopted. the motion to reconsider is laid upon the table. >> the measure passing 257 in favor
WETA
Jan 2, 2013 6:00pm EST
in congress since the korean war 60 years ago. a vote on a compromise agreement that neither party loves. >> virtually no 1 believes that what we have before us tonight is a long-term solution. >> it reminds me of the jokes were used to have, where someone stops hitting you in the head with a hammer and you're supposed to say thank you so much for the relief. >> in the end, house democrats were joined by enough republicans for the agreement to become law. as for the president to deliver on a campaign pledge, that the rich would pay more to help reduce the deficit. >> i will sign a law that raises taxes on the wealthiest 2% of americans wall preventing a middle-class tax hikett for -- while preventing a middle-class tax hike. >> they have agreed that the wealthiest americans will pay more income tax. individuals earning more than $400,000 a year deep spending cuts of more than $100 billion have been delayed for two months which means there will be another round of haggling at the beginning of march. the u.s. government will hit what is known as the debt ceiling, the limit for borrowing an
ABC
Jan 1, 2013 11:00pm EST
quarterback. >> tonight, we have done that thanks to the votes of democrats and republicans in congress. i will sign a law that raises taxes on the wealthiest 2% of americans while preventing a middle-class tax hike that could have sent the economy back into recession and had a severe impact on families across america. i want to thank all of the leaders of the house and the senate. in particular, i want to thank the work was done by my extraordinary vice president, joe biden, as well as leader harry reid, speaker boehner nancy pelosi, and mitch mcconnell. everybody worked very hard on this. i appreciate it. once again, i want to thank you for your great work. under this law more than 98% of americans and 97% of small businesses will not see their income taxes go up. millions of families will continue to receive tax breaks to help raise their kids and send them to college. companies will continue to receive tax credits for the resources that they use, the investments that they make, and the clean energy they create. for those americans out there looking for work, they will continue to recei
ABC
Jan 2, 2013 5:00am EST
congress averts the fiscal cliff and this morning we will shed new light on the changes of how it could affect you. >> fire rips through a local church on new year's day. investigators are raising red flags of how it started. >> the waiting game continues for victims of super storm sandy. a bill that didn't pass the house that would a have brought them needed money. those stories trait i -- straight ahead on this wednesday, january 2nd, 2013. good morning maryland i am charley crowson. >> i am megan pringle. it rolls off the tongue. >> 2013. >> you said something this morning back to work. >> and back to school. let's find out what's in store when you head out the door. here's lynn yoat charles. i am take -- lynette charles. i am taking it bundle up will be the forecast. >> we can see the winds out of the northwest at 5 miles an hour right now. and as we stop in glenelg 28 degrees. very dry air in place. dew point at 20 and annapolis at 33 degrees. make sure to have and dress accordingly as you step out the door this morning. not only do we have very cool temperatures out th
ABC
Jan 2, 2013 6:00am EST
on the holiday for most of us, congress agreed on a deal to avoid the fiscal cliff. sherrie johnson is live this morning with what it can mean for you. there's a lot of stuff to work through with this. >> reporter: oh, you are absolutely right especially with the debt ceiling. we have more work but after months of drama and tense negotiations, congress passed legislation to avoid the fiscal cliff. lawmakers did not meet the deadline and they didn't get the grand bargain that both parties clap was the goal there. was concern among -- a lack of spending cuts. the deal would shield income tax cuts for all workers earning less than 400,000 dollars a year and households earning less than 450,000 dollars. it prevents a tax hike on a state's -- estates valued at less than 5 34eu8ion and extends unemployment benefits for about 2 million people that were set to expire. now what it does not do is raise the debt ceiling. in two months the government will reach the limit on borrowing unless congress acts. the bill delays large cuts to the pentagon and other government programs. now although congress mi
CBS
Jan 2, 2013 12:00pm EST
. congress and the white house struggled to get the deal done, and neither republicans or democrats seem pleased with the outcome. >> someone stop hitting you in the head with a hammer and you're supposed to say thank you so much for the relief. >> reporter: many voters are upset it took lawmakers so long to reach a compromise. >> i think we needed a deal. i'm not necessarily all together happy. >> reporter: the measure raises taxes on families making more than $450,000 a year and extends long-term jobless benefits for a year. but the package does not include spending cuts as many republicans voted against it. >> i would like to be speaking for this bill but i can't. >> reporter: congress steered away from this fiscal cliff at the last minute, but another showdown is just around the corner. in two months the treasury will need to increase how much the country can borrow and lawmakers must approve it. the last time congress fought over the debt ceiling, america's credit rating was downgraded. the president says that doesn't need to happen again. >> the one thing i think that hopefully in
CBS
Jan 2, 2013 6:00pm EST
, tonight the house speaker says they won't get any help from the 112th congress. >> we've had no help from anyone. you see the pile of garbage there? it's been there since the first week. >> reporter: now another potential setback for the region. >> 66 days and counting, shame on you. shame on congress. new jerseyians and new yorkers are tired of being treated like second class citizens. >> reporter: the senate passed a package last week to provide more than $60 billion in aid to the region, but on tuesday the house failed to act before wrapping up this session of congress. >> now i am dismayed and really saddened that the house of representatives walked away last night, didn't even touch this after we spent so much time here on the floor doing something to help the beleaguered part of our country. >> reporter: republican congressman peter king who represents part of long island called it a disgrace and blasted leaders of his own party. >> we cannot believe that this cruel knife in the back was delivered to our region. >> reporter: the president called for immediate action saying when
CSPAN
Jan 2, 2013 7:00am EST
the congress without voting on the hurricane sandy relief package. the 112 congress ends thursday at noon. >> on this vote the boats are 257. the motion is [video clip] >> the motion is therefore on the table. host: last night the u.s. house passed a deal to avert the so called "fiscal cliff". good morning and welcome to "washington journal" this wednesday, january 2, 2013. we would like to hear your thoughts on a bill that passed both houses of congress. here are the numbers to call -- you can also find us online. send us a tweet. or join the conversation on facebook. you can also e-mail us. the "washington times has this headline -- and in the washington post -- we would like to hear what you think about this bill. we will be digging into it more, going over some of the details. if to give us some perspective is pete, a staff writer with the the hill newspaper. thanks for being with us. guest: hi. host: they talk about the house republicans balked at first. what was the sticking point? guest: you used to just have to keep taxes low. but with the debt creeping up more and more, it is inc
CSPAN
Jan 2, 2013 5:00pm EST
this metaphor with checks and balance to components of the congress must act in concert, and then congress enacts and the president vetoes, the congress overrides, the court's review like a pendulum, and this metaphor captivated the american mind. the framers were not only the good inventors, they were us deutsch learners of the human behavior, and they knew that no matter how brilliant the written document was it required a virtuous and enlightened citizenry at that time to ensure the constitution would survive. enlightenment was so powerful that towards the end of his life and for over 100 years after newton was the most famous person in in the world. he was not the only enlightenment thinkers for the poster boy for the enlightenment that didn't read the mathematical, this idea that if an apple fell out of a tree there was a law the human principle, that the human mind of its own force could discover was liberating this idea is what the world coming and you know who became the successor to the mantel of newton this was a celebrit
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